Jan 5 2023
How Much do Financial Coaches Make?
The income that you can make as a financial coach is quite literally up to you. According to Indeed, the Average salary for a financial coach is $59,277 – if you’re working for a company (like a bank or financial institution). In this case (working for a bank or other financial institution), you don’t pick your clients, you don’t pick or own your process, and you definitely do not have your own brand. But, if you are self employed, or a small business owner? The sky is the literal limit on what you can earn as a financial coach. Now, as a solo financial coach, you’ll need to create or source your coaching process and create your own brand…but you have the freedom to change your methods, your pricing, and even your offers as you need or want to. As an entrepreneur, you get to choose. Your methods, your certifications…and that choice is valuable. And yes, you have to find your own clients, but by finding your own clients, you can decide who you want to work with (and how you want to work with them). Curious what some of our Mastermind coaches are charging and making (November of 2022)? We thought you might be interested! That’s why we asked them a few quesitns: How many 1:1 clients do you support? 46% zero, 23% 1-3, 22% 4-10How long to get 1st paying client: Right away (23%) or Less than 6 months (20%) Here’s the truth: once you gain a client, they stay a client for a lifetime.